Utilizing Mastercard’s robust global financial services, dtcpay customers will experience quicker, more secure, and transparent transactions. This partnership aims to provide a seamless cross-border payment process.
Expanded Payment Corridors
Effective this summer, users of dtcpay can access over 49 international corridors for payments originating from Singapore. These include regions such as the Chinese mainland, UAE, Malaysia, Indonesia, Philippines, Switzerland, Thailand, Vietnam, and various EU markets.
The collaboration targets cost-effective and transparent cross-border transfers, ensuring both senders and recipients receive more value in every transaction. With faster processing, 60% of transactions can be completed within an hour and 95% within a day, significantly cutting down on traditional wire transfer times that may take up to five days.
Broadening User Base
This initiative caters to diverse user segments, including businesses, financial institutions, and frequent flyers. For businesses, dtcpay’s simplified international payments reduce payment delays, improving cash flow and operational efficiency.
Financial institutions with established API infrastructures can benefit from reliable APIs that streamline cross-border payments. This enhances service offerings to clients while optimizing overall process efficiency.
Frequent flyers will also find this solution convenient and fast for making international transactions at any time, thanks to transparent fees and rapid transfers worldwide without high transaction volumes or complex procedures.
Mastercard Move focuses on providing a secure and fast money-moving experience both domestically and internationally. This partnership aims to empower banks, financial institutions, and their customers with choice and transparency, enabling trackable payments, visibility into fees, accurate delivery time estimations, and the ability to receive payouts via bank accounts, e-wallets, cards, or cash.
Latest Posts
-
As Digital Fraud Booms, AARP Warns of Continued Analog Threats
AARP New York recently organized a series of “The Big Shred…
BY
-
The IMF’s Warning to Banks: Share Data to Beat AI Fraud
The International Monetary Fund is advocating for banks to reassess their…
BY
-
Kraken’s Success Attracts Institutional Investment, Cyber Threats
Deutsche Boerse is intensifying its venture into digital assets with a…
BY
-
To Fight Fraud, India Proposes a One-Hour Delay on Some P2P Payments
As India’s leading instant payments system scales new heights, it is…
BY
-
As Fraud Escalates, Taking a Beat Becomes a Critical Defense
Continuous Assault of Fraud There has been little respite from the…
BY
-
As Open Banking Fuels Interconnectivity, Privacy Matters More
More emails about privacy practices and data disclosures are landing in…
BY
-
How the U.S. Built Its Faster Payments Ecosystem
Decades ago, the Federal Reserve outlined a blueprint envisioning real-time financial…
BY
-
Google Warns That Quantum Computing Could Soon Crack Crypto Encryption
The approval of bitcoin ETFs propelled the price of bitcoin to…
BY
-
Pumping the Brakes on Anthropic’s Leaked Cybersecurity AI
A leaked Anthropic AI model shook the cybersecurity sector, causing significant…
BY
-
Bad Actors Are Already Piloting the Next Evolution of AI
Artificial intelligence has dramatically expanded beyond traditional computing paradigms, necessitating significant…
BY